• A broker or agent charges a commission for executing trades or providing specialized services.
  • Brokerage fees are based on a percentage of the transaction, as a flat fee or as a hybrid of the two, and vary by industry and broker type.
  • The three main types of brokers in the financial securities industry that charge brokerage fees are full-service, discount and online brokers.
  • Today, many online brokerage platforms offer zero brokerage fees for listed stocks and ETFs.